https://www.taxtmi.com/caselaws?id=173841 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal. The Court found no legal question arising from the case, as the Tribunal's acceptance of the assessee's version regarding the stock valuation was supported by various factual findings, including the discrepancy between the statements provided to the Bank and the actual stock value. The judgment highlighted the importance of considering all relevant factors in determining the accurate valuation of closing stock for income-tax assessment purposes. en-us Mon, 05 Dec 2011 00:00:00 +0530 Wed, 30 Aug 2017 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173841 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal. The Court found no legal question arising from the case, as the Tribunal's acceptance of the assessee's version regarding the stock valuation was supported by various factual findings, including the discrepancy between the statements provided to the Bank and the actual stock value. The judgment highlighted the importance of considering all relevant factors in determining the accurate valuation of closing stock for income-tax assessment purposes. Case-Laws Income Tax Mon, 05 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173841